Benchmark Lowers Super Group (SGHC) (NYSE:SGHC) Price Target to $17.00

Super Group (SGHC) (NYSE:SGHC) had its target price lowered by equities research analysts at Benchmark from $18.00 to $17.00 in a report issued on Friday,Benzinga reports. The firm presently has a “buy” rating on the stock. Benchmark’s price objective suggests a potential upside of 55.49% from the company’s current price.

SGHC has been the subject of a number of other reports. JMP Securities raised their price target on Super Group (SGHC) from $15.00 to $16.00 and gave the stock a “market outperform” rating in a research report on Monday, September 22nd. Needham & Company LLC raised their target price on shares of Super Group (SGHC) from $15.00 to $17.00 and gave the stock a “buy” rating in a report on Wednesday, November 5th. UBS Group set a $18.00 price target on shares of Super Group (SGHC) in a research note on Thursday, September 18th. Canaccord Genuity Group increased their price objective on shares of Super Group (SGHC) from $17.00 to $18.00 and gave the stock a “buy” rating in a research report on Friday, September 19th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Super Group (SGHC) in a research report on Thursday, October 30th. Two research analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of $16.30.

Super Group (SGHC) Stock Performance

Shares of NYSE:SGHC opened at $10.93 on Friday. The firm has a fifty day simple moving average of $12.38 and a two-hundred day simple moving average of $11.30. The company has a quick ratio of 1.75, a current ratio of 1.75 and a debt-to-equity ratio of 0.02. The stock has a market capitalization of $5.50 billion, a P/E ratio of 25.43 and a beta of 1.09. Super Group has a 52 week low of $5.45 and a 52 week high of $14.38.

Super Group (SGHC) (NYSE:SGHC) last released its quarterly earnings results on Monday, November 3rd. The company reported $0.19 EPS for the quarter, topping the consensus estimate of $0.14 by $0.05. Super Group (SGHC) had a return on equity of 43.14% and a net margin of 10.05%.The company had revenue of $557.00 million during the quarter, compared to analyst estimates of $436.19 million. On average, analysts expect that Super Group will post 0.29 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the company. State of Wyoming raised its holdings in shares of Super Group (SGHC) by 31.9% in the first quarter. State of Wyoming now owns 93,970 shares of the company’s stock valued at $605,000 after acquiring an additional 22,715 shares in the last quarter. Acadian Asset Management LLC increased its position in Super Group (SGHC) by 58.1% during the 2nd quarter. Acadian Asset Management LLC now owns 1,816,284 shares of the company’s stock valued at $19,902,000 after purchasing an additional 667,571 shares during the period. Cetera Investment Advisers bought a new stake in shares of Super Group (SGHC) in the 1st quarter valued at about $529,000. Mackenzie Financial Corp lifted its position in shares of Super Group (SGHC) by 349.9% in the 1st quarter. Mackenzie Financial Corp now owns 254,318 shares of the company’s stock worth $1,638,000 after purchasing an additional 197,795 shares during the period. Finally, Campbell & CO Investment Adviser LLC bought a new position in shares of Super Group (SGHC) during the second quarter valued at approximately $325,000. 5.09% of the stock is currently owned by hedge funds and other institutional investors.

Super Group (SGHC) Company Profile

Super Group (SGHC) Limited operates as an online sports betting and gaming operator. It offers Betway, an online sports betting brand; and Spin, a multi-brand online casino offering. Super Group (SGHC) Limited is based in Saint Peter Port, Guernsey.